Next Generation Partners

Firms To Watch: Energy and natural resources

The energy team at Komarevski Dimitrov & Partners, Attorneys-at-Law is adept at regulations surrounding the distribution and supply of natural gas, through the expertise of practice head Aleksandar Aleksandrov. They also advise on the development of greenfield energy projects.
Georgiev & Petrov Law Firm focuses its energy advisory offering on all aspects of PV projects, from the early due diligence assessments and project structuring to the later corporate aspects and representation before the authorities; Snezhanka Baldzhieva leads the practice.

Energy and natural resources in Bulgaria

Boyanov & Co.

Boyanov & Co. has a ‘resourceful, reliable and effective’ team that handles a range of power generation development projects, including PV, wind and nuclear projects, where the team is well versed in the financing, transactional, real estate and construction aspects. Furthermore, the team often handles public procurement and concessions projects regarding the mining of natural resources. Practice head Alexander Chatalbashev is praised for his ‘considerable experience in the field of energy and natural resources’ and has recently advised on the implementation of nuclear power projects in Bulgaria.

Praxisleiter:

Alexander Chatalbashev


Weitere Kernanwälte:

Damian Simeonov; Nickolay Nickolov; Svetlana Tzvetkova; Ralitsa Nedkova


Referenzen

‘The Boyanov team is resourceful, reliable and effective, with good knowledge and experience in energy and natural resources law.’

‘Alexander Chatalbashev stands out as a lawyer with considerable experience in the field of energy and natural resources. Chatalbashev is responsive, thorough and reliable.’

‘A great team of professional people specialised in their area of work.’

Kernmandanten

World Bank


Heidelberg Materials


Westinghouse Electric Sweden AB


Dundee Precious Metals


UniCredit Bulbank


DSK Bank AD / OTP Bank plc


SevlievoGas


Ideal Standard – Vidima AD


EVN Bulgaria Renewables EOOD


Ming Yang Wind Power (International) co., Ltd. (Honk Kong)


Highlight-Mandate


  • Represents Heidelberg Materials Devnya AD in the implementation of the project ANRAV-CCUS, an innovative and pioneering stakeholder-supported CCUS (carbon capture, utilisation and storage) project to realise the first CCUS-cluster in Eastern Europe, supporting the Balkan region to reach its climate goals by 2030.
  • Advising WESTINGHOUSE ELECTRIC SWEDEN AB in relation to its participation as a technology provider in the project for construction of two new nuclear power units at the site of the existing NPP Kozloduy.
  • Advising Rezolv Energy on the acquisition of a Bulgaria company developing the largest so far in Bulgaria PV project with a capacity of 229 MW.

CMS

CMS maintains a leading presence in the energy market and continues to advise on a diverse portfolio of projects, assisting on all aspects of the construction and purchase of facilities, regulatory and environmental advice and any operative issues. While the team’s focus lies in the renewables sector, they are also well versed in oil and gas, nuclear and mining projects and regularly advise leading Bulgarian and international clients in these areas. Kostadin Sirleshtov ‘has vast expertise in energy projects’, as well as in public procurement and leads the practice alongside Dimitar Zwiatkow, who focuses on the renewables sector, including on combined heat and power and waste to energy projects. Borislava Piperkova is a key member of the department, as is Lyuba Bozova-Peshovska and Konstantin Altandzhiyski, who joined the firm in September 2023 and March 2024 respectively.

Praxisleiter:

Kostadin Sirleshtov; Dimitar Zwiatkow


Weitere Kernanwälte:

Borislava Piperkova; Lyuba Bozova-Peshovska; Konstantin Altandzhiyski; Diyan Georgiev; Viktoriya Dimitrova; Dian Boev; Denitsa Dudevska


Referenzen

‘A great team of professionals, with extensive expertise in the oil and gas industry, provides very prompt and client-oriented advice in relation to our offshore oil & gas project in Bulgaria. CMS Bulgaria also has expertise with submitting force majeure applications with the Bulgarian Chamber of Commerce and Industry.’

‘Kostadin Sirleshtov – exquisite professional, extensive expertise in the oil and gas sector, very client-oriented, provides valuable insight of the practice of the relevant authorities. Denitsa Dudevska – high-quality professional, very knowledgeable in the oil and gas legislation, provides high standard legal advice and very promptly.

‘CMS demonstrated excellent professional expertise and are good with keeping deadlines and anticipating client needs.’

Kernmandanten

Aquila Capital


Greenvolt Power


Chint / Astronery


OMV Petrom


Rezolv / Actis Fund


Sungrow Renewable Energy Investment Pte. Ltd


DSK Bank


Green Source


EURUS ENERGY EUROPE B.V.


Enka İnşaat ve Sanayi


Toshiba Corporation


Green Solar Energy


EuroAtlantic


Solar Park Trakiya


YGY Industries


Highlight-Mandate


  • Advised Aquila Capital on the acquisition of three renewable projects in Bulgaria.
  • Advice to Greenvolt Power on the acquisition of an 80 MW Ready-to-Build PV Project from AES’s Bulgarian subsidiary.
  • Advised GREEN SOURCE GmbH on the development of a 500 MW solar project in Bulgaria and the related corporate restructuring.

Djingov, Gouginski, Kyutchukov & Velichkov

Major Bulgarian and international power generation companies, corporates and investors turn to the energy and utilities practice at Djingov, Gouginski, Kyutchukov & Velichkov for advice on the implementation of their energy businesses in Bulgaria, obtaining of electricity trading licenses as well as advice on all aspects of various development projects and ongoing regulatory matters. Milan Pandev and Georgi Gouginski jointly lead the team, with Pandev handling power generation, distribution and pipeline development projects in the oil and gas sector, and Gouginski covering corporate mandates, including M&A, privatisation and project financing in this area. Maya Mircheva is well versed in energy projects and administrative litigation and is a key associate in the department.

Praxisleiter:

Milan Pandev; Georgi Gouginski


Weitere Kernanwälte:

Maya Mircheva; Deyan Bogdanov; Delyan Dzhurov


Kernmandanten

UniCredit Bulbank


EBRD


Vitol Gas & Power B.V.


ContourGlobal Maritza East III AD


Axpo Bulgaria AD


Shanghai Sensheng Asset Management Centre


Sola Renewable Energies Bulgaria OOD


Asahi Group Ltd.


ABB Asea Brown Boveri Ltd.


NEPI Investment Management SRL.


Highlight-Mandate


  • Advised UniCredit Bulbank and the EBRD in relation to EUR 80m project financing of 112.5 MW solar PV power plant in Bulgaria.
  • Advised ContourGlobal Maritsa East III on a series of EFET-based PPAs and ISDA based commodity derivative transactions with Bulgarian and non-Bulgarian counterparties
  • Advised Vitol on obtaining a new electricity trading license and provided ongoing legal advice to Vitol on energy regulatory matters related to trading in gas and electricity in Bulgaria.

Kambourov & Partners

Kambourov & Partners is praised for ‘consistently delivering timely, strategic and effective advice’. Many of the firms’ recent mandates were in the electricity and natural gas fields, where the team provided legal counsel on the generation, infrastructure development, distribution, supply and trading of the commodities. Further areas of expertise include regulatory, M&A, corporate and commercial matters for renewable energy project developers, energy traders, investors and investor owned utilities. Stefan Tzakov leads the department and is an expert in various energy sources and has extensive experience in energy related litigation. Irena Petkova in the team is well versed in major energy projects.

Praxisleiter:

Stefan Tzakov


Weitere Kernanwälte:

Irena Petkova


Referenzen

‘The people working in the company have knowledge in many areas, which allows them to very quickly and effectively navigate specific cases, offering effective solutions.’

‘I know very well the specialists who work in the company and I can certainly confirm that they are some of the best professionals in the industry.’

‘Kambourov & Partners’ energy and natural resources team stands out for its solution-oriented approach, consistently delivering timely, strategic, and effective advice. Their deep understanding of the legal landscape in Eastern and Southeastern Europe, particularly in Bulgaria, is invaluable for clients in the energy sector. The firm’s specialised teams offer in-depth market knowledge, allowing them to provide innovative and concrete solutions tailored to business needs.’

Kernmandanten

NEPI Rockcastle – Sofia Commercial Centre EOOD


SD GAS&POWER S.R.L.


А29 Energia Bulgaria EOOD


Nova Power & Gas S.R.L, Romania


ČEZ, a.s., Czech Republic


United Group


Prometheus Gas S.A., Greece


Shanghai Electric Power, China


Mitsui Bussan Commodities SA, France


State Oil Company of the Azerbaijan Republic (SOCAR)


Gray Stone OOD, Bulgaria


Mercuria Group


European Energy A/S, Denmark


Correggio Consulting


Highlight-Mandate


  • Advised NEPI Rockcastle on plans for green transformation of its retail real estates by securing the energy consumption through PV electricity generation on site.
  • Advised Nova Power & Gas S.R.L, part of the Rumanian E-INFRA group, on its entry on the Bulgarian energy market – gas and power trading.
  • Advised Gray Stone Bulgaria on various energy matters, such as the construction and operation of PV power plants, green hydrogen and electricity storage facilities, on EFET Agreements, as well as on the sale of a 51% stake in its subsidiary Gray Stone Renewables to Greenvolt Next Holding S.A., Portugal.

Schoenherr

Schoenherr is particularly well regarded for its proficiency on international energy projects across the oil and gas, wind, PV and utilities sectors, leveraging the firms cross-European set up to advise both Bulgarian and European companies, governmental and EU bodies on the acquisition, development and implementation of projects. Further areas of expertise include M&A and project financing, regulatory compliance, EU policy and local energy legislation. Dimitar Kairakov and Stefana Tsekova jointly lead the practice, with the former advising energy clients on regulatory and licensing matters and the latter having experience in development of the energy regulatory framework both at the EU and national levels.

Praxisleiter:

Dimitar Kairakov; Stefana Tsekova


Weitere Kernanwälte:

Alexandra Doytchinova; Katerina Kaloyanova-Toshkova; Dimitar Vlaevsky; Elena Todorova


Referenzen

‘High-quality firm where I always felt like I was dealing with a smaller institution in term of their client management, which was really great. Much more personal and tailored.’

‘I worked primarily with Stefana Tsekova, with whom I had an excellent experience. She is friendly, knowledgeable and hard working. I worked with her on a very large and visible policy project in Bulgaria where she consistently delivered huge amounts of work to very tight timelines. She understood well the brief, and not just what was written down, so her flexibility was really key to a successful delivery of the project.’

Kernmandanten

EBRD, Beneficiary: Ministry of energy


METKA


Windkraft Simonsfeld AG


Petrom


RGREEN Invest SAS


IBH S.r.l.


Photon Energy


BHP


Keppel Infrastructure


Risen Energy


Liechtenstein Group


Enery Development GmbH


European Commission


MET Group


OMV Bulgaria


Edison Italy


Woodside Energy


UniCredit Bulbank AD


Société Générale Expressbank


RWE


Raiffeisen Bank International AG


Danske Commodities


Highlight-Mandate


  • Advised the EBRD and the Ministry of Energy on the implementation of Investment 6 (1.4 GW RES and Batteries Project) and Investment 8 (3 GW storage -RESTORE Project) under the Recovery and Resilience Plan with total value of over EUR 1bn, as well as on improvement of the legal framework to facilitate the RES and storage growth in the country.
  • Advised Enery Development GmbH (Enery) on attracting project financing from UniCredit Bulbank for the construction and operation of Enery’s first greenfield solar photovoltaic (PV) project in Bulgaria.
  • Advised Met Suvorovo Wind Park on its corporate reorganisation, the acquisition of the necessary approvals for the reorganisation and the refinancing from the Energy and Water Regulatory Commission, and the refinancing of the wind park along with the related security package.

Wolf Theiss

The team at Wolf Theiss brings its ‘solid expertise and practical approach’ to a broad range of energy matters, including the financing, construction and development of major energy infrastructure projects, regulatory compliance matters, M&A transactions and renewable energy infrastructure portfolio transactions, gas and electricity licensing procedures as well as on mining operations. Anna Rizova, whose expertise lies in regulatory advice for clients in the electricity and natural gas sectors, leads the practice alongside Radoslav Mikov, who has experience in natural gas infrastructure projects. Oleg Temnikov is a recommended practitioner.

Praxisleiter:

Anna Rizova; Radoslav Mikov


Weitere Kernanwälte:

Katerina Novakova; Oleg Temnikov


Referenzen

‘The team brings solid expertise and a practical approach, with a focus on understanding client needs and delivering results.’

‘The energy team at Wolf Theiss Bulgaria combines excellent expertise and experience in the power and gas sectors.’

‘Radoslav Mikov and Katerina Novakova have an in-depth and meticulous approach to each case, regardless of the initial assessment of complexity. It is impressive.’

Kernmandanten

Micronix Group


MET Group


AOT Energy


Overgas


E.ON


Renalfa


Mundoro


Electrohold Bulgaria


Highlight-Mandate


  • Advised Renalfa Renewables Austria and RGreen France on their acquisition of Alpiq Group’s Bulgarian assets, including Vetrocom wind park.
  • Advising and representing Mundoro in a complex legal process to obtain an exploration permit for a promising gold exploration area in Bulgaria.
  • Advised Electrohold Bulgaria on a 10-year power purchase agreement with PPF Telecom Group’s Yettel and CETIN, enabling their switch to renewable energy from a 123 MW photovoltaic plant.

Andrey Delchev and Partners - Eurolex Bulgaria

Andrey Delchev and Partners - Eurolex Bulgaria continues to stand out for its ‘deep industry knowledge’ particularly in the oil and gas sector, but also across the renewable energy, water and mining industries. The team frequently covers the financing and structuring of energy projects, due diligence of energy companies, regulatory compliance advice, representation before the courts and the energy regulator in contentious matters, as well as comprehensive support on tender documentation and concession procedures. Managing partner Andrey Delchev and has extensive expertise in the petrol and natural gas industries, and is supported by Magdalena Valova, Dimitar Delchev and Boriana Chotekova in the team.

Praxisleiter:

Andrey Delchev


Weitere Kernanwälte:

Magdalena Valova; Dimitar Delchev; Boriana Chotekova


Referenzen

‘The law firm is exceptional in the sector. We can always count on them to find us the right solution.’

‘Dimitar Delchev – beyond his legal strength we value his commitment and availability to the client, his willingness and ability to provide market and local support that goes beyond the customary and adds great value.’

‘What sets this firm apart is their deep industry knowledge and ability to handle complex projects from start to finish. Their team not only excels in negotiations and legal expertise but also has a strong grasp of the technical and financial aspects, ensuring a seamless process. They are proactive, always staying ahead of challenges, and their collaborative approach makes everything run smoothly.’

Kernmandanten

Assarel-Medet JSC


Bulgarian Mining Chamber


Bulgarian Petroleum and Gas Association


Electrohold Bulgaria EAD / (CEZ Group)


Sungrow Renewable Energy Investment PTE. Ltd., China


World Bank


Lukoil Group


Arrowbio


Hydrolia AD


‘Kalcit’ Ltd.


Highlight-Mandate


  • Advised Lukoil Bulgaria in relation to proceedings before the Commission for protection of completion initiated against two companies of the Lukoil Group in Bulgaria.
  • Advised the Bulgarian Petroleum and Gas Association on the applicable fuel market regulations (e.g. protection of competition, cartel or abuse of a dominant position charges).
  • Advised Sungrow Renewable Energy in relation to the acquisition and construction solar power plants in Bulgaria with first year of operation target of around 100 MW. It is in process of incorporation of subsidiary and opening of representative office in Bulgaria.

Georgiev, Todorov & Co

Georgiev, Todorov & Co offers both advisory and litigation services across a broad range of energy mandates, among which are major infrastructure projects, obtaining licences for the production of electricity, regulatory advice, as well as representation before the administrative bodies. Disputes expert Ivan Todorov leads the practice alongside Nikolay Lazarov is described as ‘an excellent professional with sharp thinking and extensive knowledge in the field of energy and natural resources’.

Praxisleiter:

Ivan Todorov; Nikolay Lazarov


Weitere Kernanwälte:

Arno Mamasyan; Dobrina Pavlova; Ivan Tserovski; Tsvetelina Dimitrova


Referenzen

‘Nikolay Lazarov stands out as a high-profile lawyer in the field of energy and natural resources. He is a smart and skilful professional who is also good litigator. Ivan Tserovski also stands out with his communication skills and attention to detail.’

‘Georgiev, Todorov & Co. has advised us on energy regulatory matters and has proven to stand out with its energy practice because of its experience, knowledge base and outstanding team of professionals, which is extremely well prepared to face any challenging matter.’

‘Nikolay Lazarov, stands out as excellent professional with sharp thinking and extensive knowledge in the field of energy and natural resources. Arno Mamasyan is also particularly strong in the field of energy. He has enormous experience and outstanding knowledge in the matter. He is a very skilful and dedicated lawyer.’

Kernmandanten

Albena AD


Balkan AD


Belozem Solar Park 3 EOOD


Dundee Precious Metals Chelopech


Galabovo Solar BG EOOD


Kaloyanovo Solar BG (former Galaxy Re)


Grand Energy Distribution EOOD


Karnobat Energy EOOD


Hydroenergy Association


Hydroenergy Construction EOOD; KK Hydro OOD


Thermal Power Plant Bobov Dol


Thermal Power Plant Maritsa 3 AD


Thermal Power Plant Ruse AD


Trakia MT Solar EOOD


Union of the producers of Green Energy


Asarel Medet JSC


Park Ramanusha


Toplivo Corporation AD


Karlovo Solar BG


Highlight-Mandate


  • Advised DUNDY PRECIOUS METALS KRUMOVGRAD EAD, including advice to Bolkan Mineral and Mining EAD, a subsidiary of DUNDY PRECIOUS METALS KRUMOVGRADEAD, on the preparation of the contract for the granting of a concession for the extraction of underground resources.
  • Advised Stock Energy (licensed trader of electricity) in a dispute with the Energy and Water Regulatory Commission with regard to a decision issued by the regulator for determination of a minimum price at which the balancing deals should be concluded for the period 01.01.2024 – 30.04.2024.
  • Advising Galabovo Solar BG, Kaloyanovo Solar BG (former Galaxy RE) and Karlovo Solar BG on the procedure for obtaining of licenses for the activity production of electricity for photovoltaic power plants with total capacity of above 400 MW.

Jordanov, Ignatov, Ivanov Law Firm

Jordanov, Ignatov, Ivanov Law Firm advises national companies and state governmental departments through the development, operation and ensuing disputes of various energy projects, including on concessions and public procurement projects. The team has also developed a specialism in solar projects, where they handle a plethora of construction and contracting issues. Ivan Jordanov and Rumen Ignatov lead the practice, that is praised for its ‘comprehensive understanding of the complex regulatory and commercial landscape’.

Praxisleiter:

Ivan Jordanov; Rumen Ignatov


Weitere Kernanwälte:

Svetlana Valeva


Referenzen

‘The Jordanov, Ignatov, Ivanov Law Firm stands out in the energy Sector for its comprehensive understanding of the complex regulatory and commercial landscape. Potential clients would appreciate the team’s expertise in energy regulations, project financing and dispute resolution, as well as their proactive approach to navigating evolving industry dynamics.’

‘Managing partner Ivan Jordanov and his team stand out for their exceptional expertise and strategic approach in the energy sector. Ivan’s deep industry knowledge and leadership are pivotal in steering complex projects and regulatory matters with precision. His ability to provide high-level strategic insights and practical solutions distinguishes him from competitors. I have particularly valued their proactive communication and ability to anticipate and address challenges effectively, which consistently delivers excellent results.’

‘The energy and natural resources practice at Jordanov, Ignatov, and Ivanov is unique for its specialised knowledge in the renewable energy sector, particularly solar energy. Their deep understanding of regulatory frameworks and market dynamics has been invaluable to us as a solar park owner.’

Kernmandanten

Bulgarian Ministry of Energy


National Electric Company


Bulgarian Energy Holding


Varna Logistics EAD


Polaris 8


Vicinity OOD


Miltopia OOD


Solay OOD


Industrial Zone Pleven OOD


SOGE Invest


Vod7


Valevi Trade


SHQIPTAR SOLAR ENERGY Ltd.


BPD PM


Highlight-Mandate


  • Represented the Ministry of Energy on all legal aspects concerning the termination of a long-term concession agreement with the construction company European Roads for extraction of inert materials.
  • Advised the Ministry of Energy on the re-negotiation of the 1999 concession agreement of Chelopech underground gold-copper mine, operated by Dundee Precious Metals.
  • Advises Industrial Zone Pleven OOD on the development of a 20 MW PV project situated within the Industrial Park Pleven premises.

Kinstellar

Kinstellar’s energy team is highly regarded for its strength in energy transactions, including M&A transactions, due diligence and acquisitions of energy infrastructure and project financing. Advice on natural gas and electricity trading licenses, RES greenfield project development and energy regulatory matters. Mladen Minev covers the regulatory side while Diana Dimova leads on diverse energy transactions and concession mandates. The associate bench in the department was recently strengthened: first in January 2024 when Boryana Boteva joined from Sabev & Partners Law Firm, then in June 2024 with the joining of Iliyana Marinova from an in-house position, and finally again in October 2024 when Mihaela Dimitrova came from Gugushev & Partners Law Office.

Praxisleiter:

Mladen Minev; Diana Dimova


Weitere Kernanwälte:

Boryana Boteva; Iliyana Marinova; Mihaela Dimitrova; Atanas Mihaylov;


Referenzen

‘The practice is the best there is! The practice has both regulatory and transactional expertise in energy and can be considered a market leader. Strong energy specialists, commercial insight and timely advice. I trust this team completely. The practice excels in dealing with complex projects, especially when one has to consider many different areas of law and/or jurisdictions.’

‘Mladen Minev is a particularly smart and insightful lawyer. He thinks critically and strategically and leaves no stone upturned when dealing with complex topics. Atanas Mihaylov is extremely practical and solutions-driven. His efficiency is commendable. Diana Dimova is well-known on the market and her insights are highly valuable. She is very good at getting around roadblocks and proposing creative solutions.’

‘Kinstellar’s team demonstrates top-class legal knowledge in the field of energy and natural resources matters. Their experience in the sector, combined with a business-oriented approach, helps them provide tailored solutions to very complex matters. They handle challenges with a positive attitude and high efficiency. It is always a pleasure working with them.’

Kernmandanten

United Energy Group


MVM CEEnergy Zrt


DKV Mobility


Terraverde CE AD


Motor Oil Renewable Energy SA (MORE)


Winslow Solar 2022 AD


Aron & Company LLC


DXT International SA


Galleria Burgas EAD (part of MAS P.L.C.)


Galleria Stara Zagora EAD (part of MAS P.L.C.)


Sun’R International (part of Eiffage)


Direct Petroleum Bulgaria


European Bank for Reconstruction and Development


ENERGO-PRO A.S.


Highlight-Mandate


  • Advising United Energy Group on the acquisition of Green Profit EOOD, a developer of two photovoltaic power plant projects with approximate total capacity of 250 MW, for EUR 37.5m.
  • Advising MVM CEEnergy Zrt. on obtaining a license for natural gas trading in Bulgaria.
  • Aron & Company LLC on energy regulatory matters stemming directly from the EU regulatory framework.

Penkov, Markov & Partners

The ‘exceptional’ energy team at Penkov, Markov & Partners  handles a broad range of mandates, including energy projects across solar, wind and hydropower, as well as contentious matters before the civil and administrative courts. The practice is led by a trio of practitioner: Vladimir Penkov, who has extensive experience in the drafting of energy legislation, Nikolay Voynov, who is well versed in energy projects and concessions, and disputes expert Atanas Valov.

Praxisleiter:

Vladimir Penkov; Nikolay Voynov; Atanas Valov


Weitere Kernanwälte:

Boris Lazarov


Referenzen

‘Nikolay Voynov and Atanas Valov from Penkov, Markov & Partners have demonstrated unconditional professionalism. Notable is their desire to constantly upgrade and acquire experience and expertise in ever wider aspects of their work, as well as their uncompromising knowledge of legal practice in the context of local and European legislation.’

‘The team has a deep knowledge on the energy sector and specifically the hydro power plants regulation in Bulgaria and EU. The team is quickly responsive for meetings and delivers in short time high-quality work which is of significant value to us.’

‘They have a very well prepared team in the sphere of energy efficiency. They know the administrative procedures and showed true understanding of the technical aspects of the case while being in joint meetings with our technical consultants.’

Kernmandanten

EURA Energy (subsidiary of Eurowind Energy and Renalfa)


Mondi Stambolijski EAD


Zlatna Panega Cement AD


Energy MT EOOD


Knauf Bulgaria EOOD


Eurowind Energy A/S (former EnergiMidt Renewables A/S), Denmark


Minstroi Holding Group


Aenerg Group


Solar group


Global Biomet EOOD


Akuo Energy


GD Capital Management AD


Marvik Pastrogor EOOD


Dana Bulgaria EOOD


CEP Renewables SL


AGRIA AD


CHINA DEVELOPMENT BANK


Eurostar OOD


Highlight-Mandate


  • Advised EURA Energy on a on the development of a photovoltaic plant project with a total capacity of 237 MW near the village Tenevo.
  • Advises the coordinator of balancing group Energy MT and the clients in its balancing group on the appeal for partial abolition on the new methodology for determination of the prices on the electricity balancing market.
  • Advised one of the leading Bulgarian electricity traders Energy MT on the appeal against the regulator’s decision for imposition of fine under the first REMIT case in Bulgaria on alleged market manipulation according to the provision of Art. 5 of REMIT.

Bouzeva & Partners Law Firm

Bouzeva & Partners Law Firm's energy department advises a stellar client roster including the likes of Bulgargaz, Bulgarian Energy Holding and the Natural Gas Interconnector Greece-Bulgaria on nationally significant energy infrastructure projects as well as in contentious antitrust matters before Bulgarian and European courts. Practice head Nikolay Daskalov has expertise in energy infrastructure projects.

Praxisleiter:

Nikolay Daskalov


Weitere Kernanwälte:

Milena Muraveeva


Referenzen

‘The energy and natural resources team at Bouzeva and Partners is highly dedicated and goal-oriented, consistently striving to meet their clients’ objectives. With their in-depth experience in the field, they bring a wealth of knowledge to every project, ensuring well-informed and strategic decisions. They can always be relied upon to deliver on time and with the quality required, even in complex matters. Their commitment to excellence and focus on client satisfaction make them a standout choice in this sector.’

‘Nikolay Daskalov, as the partner leading the energy and natural resources team at Bouzeva and Partners, is always available and goes above and beyond to answer calls and meet deadlines, no matter how tight. His deep understanding of the energy sector and wealth of knowledge make him an invaluable asset. He consistently ensures that clients receive timely, informed advice, making him someone you can always rely on for even the most complex matters.’

‘The team is very well organised and efficient. They make sure that the client receives a consolidated and consistent approach, and the arguments can be presented/defended by each of the team members equally well. They are very professional, with attention to detail and a clear understanding of the client’s needs.’

Kernmandanten

Bulgargaz


Bulgarian Electricity System Security Fund


Bulgarian Energy Holding


Bulgartransgaz


Meridiam SAS


ICGB (Natural Gas Interconnector Greece-Bulgaria)


Sofia Municipality


REWE Group / BILLA


SOF Connect (concessionaire of Sofia Airport)


Highlight-Mandate


  • Successfully represented the Bulgarian Energy Holding, and its subsidiaries Bulgargaz and Bulgartransgaz in an antitrust case before the General Court of the EU, resulting in full annulment of the EC’s decision regarding an alleged abuse of dominant position in the energy sector.
  • Representing Bulgargaz in a dispute arising out of a gas supply agreement with a manufacturer of chemical fertilisers and products in Bulgaria.
  • Successfully represented ICGB in a dispute revolving around a financial correction affecting the public financial support allocated for the Gas Interconnector Greece – Bulgaria.

Dimitrov, Petrov & Co

Among the plethora of energy matters that the ‘dynamic and very competent’ team at Dimitrov, Petrov & Co cover are all stages of the development of solar projects, electricity trading licenses, M&A and infrastructure transactions and representation in litigation proceedings. Practice head Pencho Stanchev is highly regarded in the dispute resolution field, which he often combines with expertise in energy law on contentious matters.

Praxisleiter:

Pencho Stanchev


Weitere Kernanwälte:

Alexander Georgiev; Boyana Milcheva


Referenzen

‘Dynamic and very competent team, they know the energy sector in Bulgaria very well.’

‘They possess a combination of legal expertise, industry-specific knowledge, and soft skills that enable them to effectively address our complex and evolving need both in renewables and oil and gas sectors.’

‘Pencho Stanchev and Boyana Milcheva both are top-notch energy lawyers. They are able to able to communicate effectively with diverse stakeholders. They are skilled negotiators that have helped more than once to structure deals that minimise risk and maximise compliance.’

Kernmandanten

Electrawinds Bulgaria


Helios Construction Project Ltd.


Yggdrasil Commodities ApS


Respect Energy


Yasol AD


Mareshki group of companies


Ezio Trade


Spark Legal Network and Grimaldi Alliance


Pasabahce Bulgaria


Highlight-Mandate


  • Advised Helios Construction Project Ltd. on the sale of the shares of Bio PiDi Solar Energy, which holds and developed a 130 MWp photovoltaic project near Bourgas, Bulgaria.
  • Advised Electrawinds Bulgaria on the sale of shares in Montanesium Solar, a company actively engaged in developing a 70 MWp solar park.
  • Assisted Ezio Trade in obtaining a license for electricity trading and registered the client as a market participant with the Independent Bulgarian Energy Exchange (IBEX) and the Bulgarian transmission system operator (ESO).

Dinova Rusev & Partners

Dinova Rusev & Partners advises energy producers, including solar and wind power plants, and investors on M&A transactions, infrastructure acquisitions and the related due diligence, as part of the development of diverse energy projects in Bulgaria. Iliya Grozdanov is ‘experienced in all ins and outs of the energy business’ and is well versed in energy litigation.

Praxisleiter:

Iliya Grozdanov


Weitere Kernanwälte:

Radoslav Zahariev


Referenzen

‘DRP is probably the most experienced legal team in all energy law matters, but its real strength is wind and solar power projects. They understand our problems quickly and are highly responsive. DRP looks beyond the legal issues, considers technical and business aspects of the problem, and proposes practical solutions to complex matters. The team knows the market and the problems wind investors face.’

‘Iliya Grozdanov stands out as one of the best energy lawyers in Bulgaria. He is very experienced in all ins and outs of the energy business, especially wind, and proposes innovative solutions to our problems. His response time is more than fast and he is always available when we need him.’

‘The team of Dinova Rusev and Partners are amazing in the wind energy sphere. They have a deep understanding of the market, the political dynamics and legislative changes that are taking place in Bulgaria. For me, their coherent team is well position to tackle any question and come up with creative solution.’

Kernmandanten

Ignitis Renewables


Taaleri Energia


United Group Solar energy


CPC Bulgaria


Idea Solare S.R.L


Local Energy Supply


Kaliakra Wind Power


Kellag (Windfarm Balchik)


Interenergo


Gorubso Kardzali


Highlight-Mandate


  • Advised Taaleri Energia on acquisition of a 600 MW PV power plant.
  • Advised Ignitis Renewables on acquisition of a 108 MW wind farm project.
  • Advised Idea solare on 100 MW PV power project.

Gugushev & Partners Law Office

Gugushev & Partners Law Office houses a team of ‘high quality people with a deep understanding in their areas of expertise’ that advise on the ongoing operation of renewable energy projects in Bulgaria, predominantly solar projects. Practice head Kostadinka Deleva has extensive expertise in the energy field, including in licensing and trading matters. Mihaela Dimitrova moved to Kinstellar in October 2024.

Praxisleiter:

Kostadinka Deleva


Weitere Kernanwälte:

Stefan Gugushev


Referenzen

‘High quality people with a deep understanding in their areas of expertise. Personal and collaborative approach to problem resolution.’

‘Managing partner Stefan Gugushev: the driving force behind their office. Experienced, skilful, knowledgable. Partner Kostadinka Deleva – energy expertise.’

Kernmandanten

Helios Projects JSC


Urbasolar SAAS


El Bonus LTD


EUSOLAG European Solar AG


Highlight-Mandate


  • Advise Helios Projects JSC on an ongoing basis regarding all legal aspects related to their business activities in the renewable energy sector in Bulgaria.
  • Advise the Bulgarian subsidiary of Urbasolar in connection to the operation of their solar park in Bulgaria and on the legal framework and regulations in the renewable energy sector in Bulgaria.
  • Advise the Bulgarian subsidiary of EUSOLAG European Solar AG in the process of connection into the grid of their photovoltaic power plant with capacity 4 MW located in the region of Southeast Bulgaria.

Kinkin & Partners

Kinkin & Partners’ recent activity in the energy sphere comprises advice on licensing, permits and environmental assessments in relation to renewable energy projects and concessions, particularly hydropower projects. Adriana Nacheva leads the team and handles all construction aspects of energy projects.

Praxisleiter:

Adriana Nacheva


Weitere Kernanwälte:

Domna Mancheva


Kernmandanten

VEZ Svoghe Ltd.


CENTRAL HYDROELECTRIC DE BULGARI Ltd.


Infragrup LTD


Nord – EL LTD


Putengineering LTD


Stancho Hadzhdimitrov JsC


Kosovets LTD


Highlight-Mandate


  • Advised on the reissuance of four water abstraction permits for VEZ Svoghe’s pending hydroelectric power plants and extension of the construction period.
  • Advised on the regional inspection of environment and waters confirmation of the validity of Nord – EL’s 2008 environmental evaluation.
  • Advising Infragroup on legal compliance for expanding their inert materials quarry project, as the local authorities are refusing to consider the investor’s legal rights.